|Year:||1997 (Jul 29th)|
|Policy status:||In Force|
|Date Effective:||1997 (Jul 29th)|
2006 (Dec 22nd): Supreme Decree Nº 072-2006-EM;
|Policy Type:||Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Tax relief, Regulatory Instruments|
|Size of Plant Targeted:||Small and Large|
|Legal References:||Law Nº 26848|
The Organic Law on Geothermal Resources (Law No. 26848) and its regulations were promulgated to promote the development of geothermal resources. In April 2010, a Regulation to the Law 26848 was approved with the objective of introducing private investment in developing geothermal energy source. Also, the Ministerial Resolution No.191-2007-PCM supports the Law by establishing a Multisectoral Technical Commission on Geothermal.
The law and its regulations establish the regime for geothermal energy exploration and concessions:
In tax matters, this Law mainly establishes the following benefits:
After implementation of new Regulation of the Organic Law of Geothermal Resources in April 2010, the multiple requests for authorization of geothermal rights were presented to the Ministry of Energy and Mines (MINEM). Applications of 98 projects were notified in the official newspaper by December 2011. MINEM gave authorization of 20 projects to four companies by February 2012.
Environmental Impact Assesment: Under Articles 30 and 49 of the law, EIA survey documents are required to be attached to the application for geothermal development concession, and EIA is essential for geothermal resources development.
2006 (Dec 22nd): Supreme Decree Nº 072-2006-EM
The Decree 19 of 2010 supersedes the previous geothermal energy law regulations (Decree 16 of 2008 and Decree 72 of 2006).
In order to view a full versions of the Peru's Organic Law on Geothermal Resources (Ley Organica de Recursos Geotermicos) please click here.
To download related Supreme Degrees please go here:
Last modified: Wed, 29 Mar 2017 08:24:33 CEST